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The incineration plants market size is estimated to grow by USD 70.99 billion at a CAGR of 13.64% between 2024 and 2028. The incineration plants market is experiencing significant growth due to several factors. With limited land availability, there has been a decrease in the use of landfills for waste disposal. This necessitates the need for appropriate waste management solutions, leading to an increase in the demand for incineration plants. Additionally, the rise in global urbanization and stringent waste management regulations have further fueled market growth. Incineration plants offer a sustainable and efficient solution to managing waste while reducing environmental pollution. These facilities convert waste into energy, minimizing the amount of waste that ends up in landfills. The market is expected to continue its upward trajectory as more governments and organizations adopt these solutions to meet their waste management needs.
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The Incineration Plants Market is pivotal in addressing waste management infrastructure and sustainable waste management solutions amidst increasing waste generation driven by industrialization and population growth. These plants utilize combustion chambers and advanced combustion systems to convert biomass and municipal waste into electricity and renewable energy sources. They incorporate heat recovery systems and air pollution control systems to minimize greenhouse gas emissions and manage bottom ash effectively. Regulatory compliance with environmental regulations ensures efficient waste to energy solutions, supporting industries like cement plants and construction activities by reducing landfill dependence. The market's focus on energy generation from waste underscores its role in sustainable development and addressing global consumption patterns through innovative waste management practices. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
One of the key factors driving the land incineration plants market is the decrease in the use of landfill due to limited land availability. Several waste management techniques are adopted for the appropriate disposal of solid wastes. Some of these are landfill, incineration, composting, recovery and recycling, and gasification and pyrolysis. Out of these, the landfill has been the most popular choice. However, with each passing year, the amount of waste dumped into landfills is increasing significantly. Semakau landfill is the only landfill available in mainland Singapore, and at the current rate, it is estimated to run out of space by 2035.
In addition, factors such as landfill tax and limited availability of landfill space have resulted in stressed waste management pertaining to landfills. Hence, landfill as a method of solid waste management is likely to lose popularity soon. As incineration still faces competition from landfills, a decrease in the use of landfills for managing wastes, and the need for appropriate waste disposal will increase the demand for incineration, therefore driving the land incineration plants market.
The integrated waste management system is the primary trend for the land incineration pants market growth in the forecast period. The integrated waste management system (IWMS) provides the infrastructure essential for solid waste management, such as waste collection, waste treatment, and disposal, and the 3Rs (reduce, reuse, and recycle). However, the governance strategies comprise the inclusion of stakeholders, financial stability, sound institutions, and proactive policies. Moreover, IWMS focuses on sustainable waste management by addressing all the technical and governance aspects. It has replaced the concept of waste with the concept of a resource.
It is essentially a combination of waste prevention and reduction, maximizing the recycling of waste, sorting, and waste separation in an efficient manner. This reduces the amount to be dumped into landfills, leaving limited and segregated wastes for further treatment. Moreover, IWMS combines the benefits of multiple waste treatment technologies in one installation. This results in synergy, unlike the use of individual technologies. As a result, IWMS is being increasingly adopted across the world. Therefore, the adoption of the IWMS will provide countries with efficient waste management, propelling the land incineration plants market.
Environmental issues associated with harmful pollutants will be a major challenge for the land incineration plants market during the forecast period. Incineration involves the controlled combustion of waste with heat recovery to produce steam, which in turn generates power through steam turbines. Moreover, energy recovery requires the use of heat exchangers that operate at temperatures maximizing dioxin production. In case the gases are trapped, it works against the energy recovery process. Dioxins are the most lethal persistent organic pollutants (POP) that have irreparable environmental health consequences.
As a result, the US EPA, in 2018, under section 129 of the Clean Air Act, developed new regulations to limit the emissions of nine air pollutants that include particulate carbon monoxide, particulate matter, mercury, nitrogen oxides, dioxins or furans, sulfur dioxide, hydrogen chloride, lead, and cadmium. This regulation specifically applies to four categories of solid waste incineration units, including MSW, hospital, medical and infectious solid waste, and C&I waste. Such harmful effects on the environment and human health and the consequent regulations to control the emissions might pose a challenge to the growth of the land incineration plants market during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Babcock & Wilcox Enterprises - The company offers waste-to-energy plant which comes with a tailor-made business model for achieving its full potential.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market share growth by the municipal segment will be significant during the market forecast period. Municipal solid waste (MSW) consists of solid wastes from residential areas with single and multifamily homes. Some of the MSW includes leftover food, ashes, paper, cardboard, plastics, leather, textiles, wood, yard wastes, metals, glass, special wastes (bulky items), white goods, batteries, oil, tires, consumer electronics, e-waste (computers, phones, and television sets), and household hazardous wastes (paints, aerosols, gas tanks, waste containing mercury, motor oil, and cleaning agents).
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The municipal segment was valued at USD 39.16 billion in 2018. In this segment, the rate of generation of MSW is a function of economic development, local climate, and public lifestyle. Moreover, the amount of waste generated is influenced by the income levels of regions. The consumption of goods and services is high in regions with high economic development and income levels, resulting in an increased amount of waste generation. New waste treatment plants are opening in various countries. The establishment of new waste incineration plants is one of the factors that can influence the accelerated growth momentum of the market during the forecast period.
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Europe is estimated to contribute 39% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Germany, Russia, and the UK are some of the prominent countries generating MSW in the region. As a result, incineration is widely used across Europe to treat solid wastes due to the fact of high population density and scarcity of land for dumping the wastes. An increase in the amount of non-municipal waste and stringent regulations have been driving the market in the region. The Circular Economy Package includes revised legislative proposals on waste management. It stimulates Europe's focus toward a circular economy. This proposal sets a 65% recycling target for municipal waste by 2030 and 75% recycling for packaging waste by 2030. As a result, the land incineration plants market will face stiff competition from recycling during the forecast period.
The market report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion " for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
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The waste to energy sector is critical in managing waste management crises and addressing energy demands sustainably. Incinerators play a vital role by utilizing combustion chambers to convert household waste and municipal waste into district heating and electricity. This process helps reduce reliance on fossil fuels, lowering methane emissions and air pollution through advanced emission control systems. By converting waste into energy, these plants contribute to resource utilization and minimize soil degradation and groundwater contamination associated with landfilling. Government support and environmental regulations encourage the integration of flue gas treatment technologies in waste to energy plants, supporting cement manufacturing units and urban populations in managing environmental concerns and preserving finite resources.
Moreover, the waste management crisis facing urban populations underscores the importance of efficient waste breakdown and handling solutions. Combustion chambers in waste to energy plants play a pivotal role in converting waste into energy while addressing air quality concerns. These facilities manage heavy metals and other pollutants through advanced technologies to mitigate environmental impact. Government assistance is crucial in supporting municipal efforts to improve waste management, particularly in urban areas grappling with increasing waste volumes. Waste receipt and handling processes are streamlined to enhance efficiency and reduce landfill dependence, promoting sustainable practices and resource recovery. The market for waste to energy plants continues to evolve with innovations in combustion chamber technology and air quality control, aligning with global efforts towards environmental sustainability and addressing waste management challenges effectively.
Market Scope |
|
Report Coverage |
Details |
Page number |
173 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 13.64% |
Market growth 2024-2028 |
USD 70.99 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
11.73 |
Regional analysis |
Europe, APAC, Middle East and Africa, North America, and South America |
Performing market contribution |
Europe at 39% |
Key countries |
Germany, China, Saudi Arabia, US, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Babcock and Wilcox Enterprises Inc., BT Wolfgang Binder GmbH, China Everbright Environment Group Ltd., Covanta Holding Corp., Doosan Corp., Granutech Saturn Systems, Hitachi Zosen Corp., Incinco Ltd., INCINER8 Ltd., Ionicon Analytik Ges mbH, Kawasaki Heavy Industries Ltd., Keppel Corp. Ltd., MARTIN GmbH, Mitsubishi Heavy Industries Ltd., Nippon Steel Corp., OPSIS AB, Sembcorp Industries Ltd., SUEZ SA, Veolia Environnement SA, and Wheelabrator Technologies Holdings Inc. |
Market dynamics |
Parent market analysis, Market forecasting growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Capacity
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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